Banking Technology Current Affairs, GK & News
NPIC to export UPI, sets up subsidiary: RBI Governor
The Unified Payment Interface was introduced in India in 2016. Based on its performance, Google has recommended similar service called FedNow to the US Federal Reserve Board. With its growing popularity, the RBI on December 16, 2019 announced that NPCI will set up a subsidiary to export UPI. India is already extending the app to ..
Month: Current Affairs - December, 2019
Category: Economy & Banking Current Affairs - 2022
Topics: Banking Sector • Banking Technology • Electronic Banking Transactions • Financial Transactions • Google • International Banking • Internet banking • NPCI • UPI
RBI directs banks to link SWIFT to core banking solutions by April 2018
The Reserve Bank of India (RBI) has directed banks to link SWIFT (Society for World Interbank Financial Telecommunication System platform) with their core banking solutions (CBS) by April 30, 2018. This decision is part of RBI’s efforts to tighten internal controls in banks following Rs 11,400 crore fraud that was unearthed at Punjab National Bank ..
Month: Current Affairs - February, 2018
Topics: Banking • Banking Technology • Core Banking Solutions • National • RBI • SWIFT